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Doing It Online Podcast Episode
5 - Podcast

Doing It Online Podcast Episode 45: The power of a payment plan. (Make Money May Part 1)

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Things you’ll learn in this episode of Doing It Online

  • I’ll introduce you to the first experiment to try in our Make Money May challenge! 
  • How a payment plan can powerfully boost your sales – even during a pandemic!
  • A few strategic tips on how to implement this promo in your biz this week! 

Doing It Online Podcast Episode 45: The power of a payment plan. (Make Money May Part 1)

This is your experiment to become the crazy scientist you’ve always wanted to be. Which means… it’s Make Money May!

(COLLECTIVE YAY!)

Still don’t know what I’m talking about? That’s cool. 

Every week for the month of May, I’ll be handing you a new challenge (or biz experiment) for you to have a go at. 

The goal here is obviously to just have fun testing things out and see what works and what doesn’t. It’s a good practice to get into, because testing things is really the only way to know what’s going to be a super-power in your business or your kryptonite.  

You can have the best business advice and strategies in the world, but your combination of your skills, business and audience make you completely unique. So until you TEST? You’re not going to know. 

And this episode brings us our first challenge! It’s all about the power of a payment plan…

You can have the best business advice and strategies in the world, but your combination of your skills, business and audience make you completely unique. So until you TEST? You’re not going to know. 

And this episode brings us our first challenge! It’s all about the power of a payment plan…

Challenge #1 The power of a payment plan

What is it? 

A powerful little promo, that’s what. I wouldn’t recommend running it a lot, but in a slow month (or in a challenge) or just if you need a revenue boost, give this one a try. 

An example would be if your offer was $997 and you had a 3 month payment plan normally, you could offer that $997 to be paid out over a 6 month or even a 12 month payment plan. So a longer payment period, but smaller payments for people. 

Why does it work?

Well, especially during unstable times people can be more conscious of their outgoings, but they still want and need the help that you provide. Offering a longer payment plan can just help people find it more manageable.  

But even in a non-pandemic world, it works amazingly. And I’m not actually a scientist, so I don’t know why. But it does. We had a few of our clients give this a go recently and for some of them, it was the only change they made — and they had their best launch ever!

How do I do it?

  • Let people know for a limited time only you’ve got an extended payment plan. 
  • Promote the pants off it.
  • Get some new customers in.
  • Air-five yourself (I’ll five back in spirit.)
  • No set-up, crazy tech or singing + dancing required. (Except maybe on reels?)

Anything else I need to know?

There are a few caveats and I go into a few of the things to watch out for with this kind of promotion in the episode so definitely have a listen to that! Nothing to be scared of, it’s still a WIN/WIN, but just so you can go in aware. 

And if you do give it a try, make sure you DM me @hellofunnels + let me know! It could be so fun to see how much money we all collectively make!

Make sure you check back in next week for the next ‘minisode’ where I’ll hand out challenge number 2!

Doing It Online Podcast Episode 45: The power of a payment plan. (Make Money May Part 1)

Bonus freebie:

I also have a pretty epic (FREE) calculator which will show you exactly how much money and sales you’re currently missing out on…all because you don’t have a funnel. (My fave way to make sales.) You can check out right now at hellofunnels.co/money Only takes about 30 seconds and I think it will really surprise you, so go check it out!

Know your numbers!

Free 6-Figure Funnel
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